In a walnut-paneled room high in a Chicago office building one morning last week, Fowler McCormick, 52, International Harvester Co.'s chairman and big stockholder, met his board of directors for a showdown. The directors wanted to make President John Lawrence McCaffrey top dog in the company, turn the chairmanship into an advisory post. McCormick opposed the change, but the directors approved it anyway. Promptly McCormick resigned as chairman (but not as a director). For the first time since 1831, when Fowler McCormick's grandfather Cyrus introduced the reaper, the largest U.S. maker...
PERSONNEL: New Boss for Harvester
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